CRDB BANK (Tanzania) Probability of Future Stock Price Finishing Over 682.61
| CRDB Stock | 650.00 10.00 1.52% |
CRDB |
CRDB BANK Target Price Odds to finish over 682.61
The tendency of CRDB Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 682.61 or more in 90 days |
| 650.00 | 90 days | 682.61 | under 4 |
Based on a normal probability distribution, the odds of CRDB BANK to move over 682.61 or more in 90 days from now is under 4 (This CRDB BANK LTD probability density function shows the probability of CRDB Stock to fall within a particular range of prices over 90 days) . Probability of CRDB BANK LTD price to stay between its current price of 650.00 and 682.61 at the end of the 90-day period is about 70.2 .
Assuming the 90 days trading horizon CRDB BANK LTD has a beta of -0.0572 suggesting as returns on the benchmark increase, returns on holding CRDB BANK are expected to decrease at a much lower rate. During a bear market, however, CRDB BANK LTD is likely to outperform the market. Additionally CRDB BANK LTD has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CRDB BANK Price Density |
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Predictive Modules for CRDB BANK
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CRDB BANK LTD. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.CRDB BANK Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CRDB BANK is not an exception. The market had few large corrections towards the CRDB BANK's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold CRDB BANK LTD, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CRDB BANK within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 13.46 | |
Ir | Information ratio | -0.21 |
CRDB BANK Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of CRDB BANK for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CRDB BANK LTD can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CRDB BANK LTD generated a negative expected return over the last 90 days |
CRDB BANK Technical Analysis
CRDB BANK's future price can be derived by breaking down and analyzing its technical indicators over time. CRDB Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CRDB BANK LTD. In general, you should focus on analyzing CRDB Stock price patterns and their correlations with different microeconomic environments and drivers.
CRDB BANK Predictive Forecast Models
CRDB BANK's time-series forecasting models is one of many CRDB BANK's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary CRDB BANK's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about CRDB BANK LTD
Checking the ongoing alerts about CRDB BANK for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CRDB BANK LTD help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CRDB BANK LTD generated a negative expected return over the last 90 days |
Additional Tools for CRDB Stock Analysis
When running CRDB BANK's price analysis, check to measure CRDB BANK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CRDB BANK is operating at the current time. Most of CRDB BANK's value examination focuses on studying past and present price action to predict the probability of CRDB BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CRDB BANK's price. Additionally, you may evaluate how the addition of CRDB BANK to your portfolios can decrease your overall portfolio volatility.